FLVI.NEO vs. LVHI

Last updated Jun 26, 2026

FLVI.NEO (Franklin International Low Volatility High Dividend Index ETF) and LVHI (Franklin International Low Volatility High Dividend Index ETF) are both exchange-traded funds - FLVI.NEO is a International Equity fund tracking the Franklin International ex North America Low Volatility High Dividend Index, while LVHI is a Volatility Hedged Equity fund tracking the Franklin International Low Volatility High Dividend Hedged Index-NR. Both are passively managed. Over the past year, FLVI.NEO returned 25.66% vs 37.74% for LVHI. At a 0.48 correlation, their price movements are largely independent.

Performance

FLVI.NEO vs. LVHI - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Franklin International Low Volatility High Dividend Index ETF (FLVI.NEO) and Franklin International Low Volatility High Dividend Index ETF (LVHI). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

FLVI.NEO is traded in CAD, while LVHI is traded in USD. To make them comparable, the LVHI values have been converted to CAD using the latest available exchange rates.

Returns By Period

In the year-to-date period, FLVI.NEO achieves a 10.86% return, which is significantly lower than LVHI's 17.00% return.

FLVI.NEO

• 1D: 0.37%
• 1M: 0.74%
• YTD: 10.86%
• 6M: 10.70%
• 1Y: 25.66%
• 3Y*: —
• 5Y*: —
• 10Y*: —

LVHI

• 1D: 0.53%
• 1M: 2.60%
• YTD: 17.00%
• 6M: 17.36%
• 1Y: 37.74%
• 3Y*: 24.74%
• 5Y*: 19.23%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

FLVI.NEO vs. LVHI - Yearly Performance Comparison

	2026 (YTD)	2025	2024
FLVI.NEO Franklin International Low Volatility High Dividend Index ETF	10.86%	33.34%	9.70%
LVHI Franklin International Low Volatility High Dividend Index ETF	17.00%	21.32%	14.05%

Correlation

The correlation between FLVI.NEO and LVHI is 0.58, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.58
Correlation (All Time) Calculated using the full available price history since Mar 25, 2024	0.48

The correlation between FLVI.NEO and LVHI shifts across timeframes, from 0.48 (all time) to 0.58 (1 year), reflecting how their relationship changes across market environments.

Return for Risk

FLVI.NEO vs. LVHI — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

FLVI.NEO

FLVI.NEO Risk / Return Rank: 78
FLVI.NEO Sharpe Ratio Rank: 81
FLVI.NEO Sortino Ratio Rank: 82
FLVI.NEO Omega Ratio Rank: 85
FLVI.NEO Calmar Ratio Rank: 75
FLVI.NEO Martin Ratio Rank: 69

LVHI

LVHI Risk / Return Rank: 95
LVHI Sharpe Ratio Rank: 96
LVHI Sortino Ratio Rank: 95
LVHI Omega Ratio Rank: 95
LVHI Calmar Ratio Rank: 92
LVHI Martin Ratio Rank: 94

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

FLVI.NEO vs. LVHI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Franklin International Low Volatility High Dividend Index ETF (FLVI.NEO) and Franklin International Low Volatility High Dividend Index ETF (LVHI). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	FLVI.NEO	LVHI	Difference
Sharpe ratio: Return per unit of total volatility	2.24	3.64	-1.40
Sortino ratio: Return per unit of downside risk	3.17	5.08	-1.91
Omega ratio: Gain probability vs. loss probability	1.44	1.66	-0.21
Calmar ratio: Return relative to maximum drawdown	3.36	6.70	-3.34
Martin ratio: Return relative to average drawdown	11.14	22.97	-11.83

FLVI.NEO vs. LVHI - Sharpe Ratio Comparison

The current FLVI.NEO Sharpe Ratio is 2.24, which is lower than the LVHI Sharpe Ratio of 3.64. The chart below compares the historical Sharpe Ratios of FLVI.NEO and LVHI, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

FLVI.NEO vs. LVHI - Drawdown Comparison

The maximum FLVI.NEO drawdown since its inception was -11.90%, smaller than the maximum LVHI drawdown of -29.52%. Use the drawdown chart below to compare losses from any high point for FLVI.NEO and LVHI.

Drawdown Indicators

	FLVI.NEO	LVHI	Difference
Max Drawdown Largest peak-to-trough decline	-11.90%	-29.52%	+17.62%
Max Drawdown (1Y) Largest decline over 1 year	-7.71%	-5.66%	-2.05%
Max Drawdown (3Y) Largest decline over 3 years	—	-12.48%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-12.48%	—
Current Drawdown Current decline from peak	-0.92%	0.00%	-0.92%
Average Drawdown Average peak-to-trough decline	-1.56%	-4.51%	+2.95%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.32%	1.65%	+0.67%

Volatility

FLVI.NEO vs. LVHI - Volatility Comparison

Franklin International Low Volatility High Dividend Index ETF (FLVI.NEO) has a higher volatility of 3.22% compared to Franklin International Low Volatility High Dividend Index ETF (LVHI) at 2.97%. This indicates that FLVI.NEO's price experiences larger fluctuations and is considered to be riskier than LVHI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FLVI.NEO	LVHI	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.22%	2.97%	+0.25%
Volatility (6M) Calculated over the trailing 6-month period	8.06%	8.49%	-0.43%
Volatility (1Y) Calculated over the trailing 1-year period	11.58%	10.45%	+1.13%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	12.78%	12.84%	-0.06%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	12.78%	15.33%	-2.55%

Dividends

FLVI.NEO vs. LVHI - Dividend Comparison

FLVI.NEO's dividend yield for the trailing twelve months is around 2.30%, less than LVHI's 4.74% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
FLVI.NEO Franklin International Low Volatility High Dividend Index ETF	2.30%	3.07%	3.84%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
LVHI Franklin International Low Volatility High Dividend Index ETF	4.74%	4.92%	3.98%	8.12%	7.74%	4.13%	3.97%	6.67%	10.67%	3.38%	2.02%

Frequently Asked Questions

Can I hold both FLVI.NEO and LVHI in my portfolio?

FLVI.NEO and LVHI have a correlation of 0.58, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

What is the main difference between FLVI.NEO and LVHI?

FLVI.NEO is categorized as International Equity, while LVHI is Volatility Hedged Equity. FLVI.NEO tracks Franklin International ex North America Low Volatility High Dividend Index, while LVHI tracks Franklin International Low Volatility High Dividend Hedged Index-NR.